Data, Fed speeches, on the agenda for investors

A brand new flood of financial data is set to shake up sentiment. At 8:30 a.m. ET, retail product sales, consumer cost index (CPI) data and the Empire Express Manufacturing survey are all scheduled for release.

Business inventories are place to be released at 10 a good.m. ET, while Treasury International Capital (TIC) data is due out at 4 p.m. ET. Mortgage applications will be introduced as standard at 7 a.m. ET.

Seeking to the U.S. central bank, Boston Fed President Eric Rosengren is likely to deliver remarks on the U.S. financial outlook, at Northeastern University’s Economic Policy Forum in Boston on Wednesday.

On the other hand, prior to the marketplace open up, Chicago Fed President Charles Evans called for the U.S. central bank to respond by signaling the likelihood of higher inflation ahead, when speaking at a conference in London, Reuters reported.

Elsewhere, the continuing future of a tax reform deal in the U.S. is likely to put uncertainty to markets throughout the trading day, as investors remain on edge more than whether a reform will need place during 2017.

Read more on: http://www.cnbc.com